Aerojet Rocketdyne launches competitive improvement program

Aerojet Rocketdyne slashes workforce. Looks like they’re going to cut about 500 jobs and consolidate some of their 11 factories over the next four years. From the article, it looks like the Sacramento facility will be one of the hardest hit (but not ultimately closed).

The press release doesn’t mention the Antares rocket launch failure back in October, in which Aerojet’s AJ-26 (a refurbished Russian engine) was blamed. But you gotta figure that that played into their decision at least a little.